ThyssenKrupp AG News Update
Adjusted Forecast for 2023-2024 Fiscal Year Confirmed
Company Expects Strong Performance Despite Market Challenges
thyssenkrupp AG (TKA) recently announced its adjusted forecast for the 2023-2024 fiscal year. The company expects to deliver solid results amidst ongoing market uncertainties.
The realignment of thyssenkrupp's portfolio, implemented at the beginning of the fiscal year, has contributed to the company's resilience. The company has made strategic divestments and focused on core businesses, positioning itself for long-term growth.
thyssenkrupp's latest financial results for the third quarter of 2023 support the company's positive outlook. The company reported strong performance across various business segments, driven by cost optimization measures and innovation.
The company expects the following results for the 2023-2024 financial year:
- Revenues: €42-44 billion
- Adjusted EBIT margin: 7-9%
- Adjusted net income: €1.6-1.8 billion
thyssenkrupp's management remains confident in the company's ability to navigate the challenging economic landscape and deliver value for its shareholders. The company's focus on innovation, cost efficiency, and customer satisfaction is expected to drive continued growth in the years to come.
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